On Foreign Investments In The Russian Federation

RUSSIAN FEDERATION FEDERAL LAW on foreign investments in the Russian Federation adopted by the State Duma June 25, 1999 the year approved by the Federation Council of the year July 2, 1999 (as amended by the federal laws from 21.03.2002 N 31-FZ; from 25.07.2002 N 117-FZ; from 08.12.2003. N 169-FZ; from Jul. 22 N 117-FZ; from 03.06.2006 N 75-FL; from 26.06.2007 N 118-FZ; from 29.04.2008 N 58-FZ; from 19/07/2011 N 248-FZ; from 16 N 322-FZ; from 06.12.2011 N 409-FZ; from 03.02.2014 N 12-FZ; from 05.05.2014 N 106-FZ) this federal law defines the basic guarantees of the rights of foreign investors on investment and received from income and profit, the business environment for foreign investors in the territory of the Russian Federation. This federal law is aimed at engaging and effective use in the economy of the Russian Federation foreign material and financial resources, advanced engineering and technology, management expertise, ensuring stability conditions of foreign investors and compliance legal regime of foreign investments to the norms of international law and international practice of investment cooperation. Article 1. Relations regulated by this federal law, and its scope of application 1. This federal law regulates relations arising from Government guarantees the rights of foreign investors in their investments in the territory of the Russian Federation. 2. this federal law does not apply to relationships involving foreign capital investments in banks and other credit organizations, as well as insurance companies, and the relationships that define the procedure for the establishment and cessation of activity on the territory of Russian Federation representative offices of foreign banks and other foreign credit institutions (with the exception of relations regulated by the provisions of paragraphs 8 and 9 of article 21 hereof), which are governed by the laws of the Russian Federation, respectively, on banks and banking and insurance legislation of the Russian Federation. (As amended by the federal laws of 03.02.2014 N 12-FZ; 05.05.2014 N 106-FZ) this federal law also does not apply to relations arising from the investment of foreign capital into non-profit organizations to achieve some socially useful purpose, including educational, charitable, scientific or religious, which are governed by the laws of the Russian Federation on non-commercial organizations. The scope of articles 7 and 16 of the Federal law does not apply to the relations related to industrial production, technical innovation or tourist-and-recreational activities of residents of special economic zone. (The paragraph is supplemented by federal law from Jul. 22 N 117-FZ; as amended by federal law from 03.06.2006 N 75-FZ), Article 2. The basic concepts used in the present Federal law for the purposes of this federal law uses the following concepts: foreign investor-foreign legal person whose civil capacity shall be determined in accordance with the law of the State in which it is established, and which may, in accordance with the legislation of the State to invest in the territory of the Russian Federation; foreign organization that is not a legal entity, in civil matters which shall be determined in accordance with the legislation of the State in which it is established, and which may, in accordance with the legislation of the State to invest in the territory of the Russian Federation; a foreign citizen, civil legal capacity and capability which shall be determined in accordance with the laws of the State of his nationality and who is entitled, in accordance with the laws of the State to invest in the territory of the Russian Federation; a stateless person who permanently resides outside the Russian Federation, legal capacity and capability which shall be determined in accordance with the laws of the State of his residence and which may, in accordance with the legislation of the State to invest in the territory of the Russian Federation; an international organization that is entitled to in accordance with an international agreement of the Russian Federation make investments on the territory of the Russian Federation; foreign States in accordance with the procedure determined by federal laws; foreign investment-investment of foreign capital into an object of entrepreneurial activity on the territory of the Russian Federation in the form of objects of civil law rights belonging to a foreign investor, if such objects of civil law rights are not withdrawn from circulation or not limited in circulation in the Russian Federation in accordance with federal laws, including money, securities (in foreign currency and the currency of the Russian Federation), other assets, property rights having monetary value exclusive rights to results of intellectual activity (intellectual property) as well as services and information; foreign direct investment-acquisition by a foreign investor of not less than 10 percent share, share (deposit) in the authorized capital (aggregate) commercial organization established or newly established on the territory of the Russian Federation in the form of a business partnership or company in accordance with the civil legislation of the Russian Federation; investment in fixed assets of the branch of the foreign legal entity created on the territory of the Russian Federation; implementation on the territory of the Russian Federation by a foreign investor as the landlord leasing equipment specified in sections XVI and XVII unified nomenclature of foreign economic activity of the Customs Union within the Eurasian Economic Community (hereinafter referred to as the Customs Union), the customs value of not less than 1 million. rubles; (As amended by the Federal law dated 06 N 409-FZ) investment project justification the feasibility, scope and timing of the direct foreign investment, which includes the design and estimate documentation, which is developed in accordance with the legislation of the Russian Federation; (As amended by the Federal Act of 19/07/2011 N 248-FZ) of priority investment project-investment project, the total volume of foreign investments into which shall not be less than 1 billion. rubles (not less than the equivalent amount in foreign currency at the exchange rate of the Central Bank of the Russian Federation on the date of the entry into force of this federal law), or the investment project, in which a minimum percentage (contribution) of foreign investors in the share (aggregate) capital of commercial organizations with foreign investment shall be not less than 100 million. rubles (not less than the equivalent amount in foreign currency at the exchange rate of the Central Bank of the Russian Federation on the date of the entry into force of this federal law), included in the list approved by the Government of the Russian Federation; payback period of investment project-term from the date of the beginning of financing investment project using direct foreign investment until the day when the difference between the accumulated sum of net profit with amortization deductions and the amount of investment costs of a commercial organization with foreign investment, or a branch of a foreign legal person or lessor under leasing contract to acquire a positive value; reinvestment-implementation of capital investment in objects of entrepreneurial activity on the territory of the Russian Federation at the expense of earnings or profits of a foreign investor or a commercial organization with foreign investments, which are received from foreign investment; the total tax burden is calculated the total amount of money to be paid in the form of federal taxes (excluding excise duties, value added tax on goods produced in the territory of the Russian Federation) and contributions to the State budget funds (except for the contributions to the Pension Fund of the Russian Federation) by the foreign investor and commercial organization with foreign investment, implementing investment project at the expense of foreign investment at the beginning of the investment project financing. (As amended by the Federal law dated 06 N 409-FZ), Article 3. The legal regulation of foreign investments on the territory of the Russian Federation 1. The legal regulation of foreign investments on the territory of the Russian Federation by this federal law, other federal laws and other regulatory legal acts of the Russian Federation, as well as international treaties of the Russian Federation.

2. Constituent entities of the Russian Federation shall have the right to enact laws and other normative legal acts regulating foreign investment, on matters within their competence, as well as to the joint jurisdiction of the Russian Federation and constituent entities of the Russian Federation, in accordance with this federal law and other federal laws. Article 4. The legal regime of foreign investors and commercial organizations with foreign investments 1. The legal regime of foreign investors and the use of profits obtained from the investments may not be less favorable than the legal regime for the activity and use the profits obtained from the investments provided by Russian investors, with the exceptions established by federal laws. 2. exceptions to the restrictive for foreign investors may be established by federal laws only to the extent necessary in order to protect the foundations of the constitutional system, morality, health, rights and lawful interests of other persons, ensure national defense and State security. Retirement incentive nature in the form of incentives for foreign investors can be set for socio-economic development of the Russian Federation. Types of benefits and the manner of their provision are established by legislation of the Russian Federation. 3. Foreign legal person, the purpose of creation and (or) activities which are commercial in nature and which has the property liability for a decision it had taken in the implementation of the activities of undertakings on the territory of the Russian Federation (hereinafter referred to as foreign legal person) has the right to carry out activities in the territory of the Russian Federation through a branch, Representative Office from the date of their accreditation, unless otherwise stipulated by federal laws. Foreign legal person ceases activity on the territory of the Russian Federation through a branch, Representative Office from the date of termination of accreditation of branch offices. Accreditation day affiliate, Representative Office of foreign legal entity or the modification of the information contained in the public registry of accredited branches, representative offices of foreign legal entities, an information system (hereinafter also referred to as the register) or termination of accreditation, affiliate, Representative Office of foreign legal entity recognized the day of submission of the corresponding entry in the register. (Paragraph as amended by federal law from 05.05.2014 N 106-FZ)

4. Subsidiaries and affiliates of commercial organizations with foreign investment does not enjoy legal protection, guarantees and benefits established by this federal law, in the exercise of entrepreneurial activity on the territory of the Russian Federation. 5. The foreign investor, a commercial organization with foreign investment established in the territory of the Russian Federation, in which the foreign investor (foreign investors) owns (owned) not less than 10 per cent of shares share (deposit) in the share (aggregate) capital of the Organization, in the implementation of their reinvestment enjoyed full legal protection, guarantees and facilities established by this federal law. 6. Russian commercial organization receives the status of commercial organization with the foreign investments from the date of occurrence of the participants of the foreign investor. From that day on a commercial organization with foreign investment and foreign investors enjoy legal protection, guarantees and benefits established by this federal law. Commercial organization loses the status of commercial organization with the foreign investments from the foreign investor from the participants (if there is more than one foreign investors, composed of its members-in the event of a withdrawal of all foreign investors). From that day on specified commercial organizations and foreign investors lose their legal protection, guarantees and benefits established by this federal law. Article 5. The guarantee of legal protection to foreign investors on the territory of the Russian Federation 1. Foreign investors on the territory of the Russian Federation is granted full and unconditional protection of rights and interests, which is provided by this federal law, other federal laws and other regulatory legal acts of the Russian Federation, as well as international treaties of the Russian Federation. 2. The foreign investor has the right to compensation for damages caused by him as a result of illegal actions (inactivity) of State bodies, local authorities or officials of those bodies, in accordance with the civil legislation of the Russian Federation. Article 6. Guarantee the use of various forms of foreign investors making investments on the territory of the Russian Federation, the foreign investor is entitled to invest in the territory of the Russian Federation in any forms which are not prohibited by the legislation of the Russian Federation. Evaluation of capital investment to the authorized (total) capital of commercial organizations with foreign investment shall be in accordance with the legislation of the Russian Federation. Evaluation of capital investment is carried out in the currency of the Russian Federation. Transactions that are committed by foreign States, international organizations or organizations under their control and as a result of which is acquired, directly or indirectly, the right to dispose of more than 25 per cent of the total number of votes per voting shares (share) authorized capital of Russian economic society, or other opportunity to block decisions of the managing bodies of such economic society, subject to prior agreement in the manner provided for in articles 9-12 of the Federal law "on the procedure for foreign investments in the economic society of strategic importance for national defense and security of the State ", with the exception of transactions involving international financial organizations established in accordance with the international treaties to which the Russian Federation, or international financial institutions, with which the Russian Federation has concluded international treaties", add the following sentence: "the list of these international financial organizations approved by the Government of the Russian Federation. (Part is supplemented by federal law from 29.04.2008 N 58-FZ; as amended by Federal Act of 16 N 322-FZ) Article 7. Warranty transfer of rights and duties of a foreign investor to another person 1. A foreign investor by virtue of a contract shall be entitled to transfer its rights (cede) and obligations (transfer duty), but on the basis of law or a court decision is obliged to transfer his/her rights (cede) and obligations (transfer duty) to another person in accordance with the civil legislation of the Russian Federation. 2. If a foreign State or an authorized State body produce payment in favour of foreign investors on guarantees (insurance contract), provided the foreign investor for investments undertaken by them on the territory of the Russian Federation, and a foreign State or an authorized State body shall pass them right (assigned) foreign investor on these investments, such a shift in the Russian Federation (an assignment of a claim) is recognized as lawful. Article 8. The guarantee compensation in nationalization and requisition of property of a foreign investor or a commercial organization with foreign investments 1. Foreign investor's property or a commercial organization with foreign investments is not subject to forced removal, including nationalization, requisition, except in the cases and on the grounds, which are established by federal law or an international treaty of the Russian Federation. 2. When the requisition of the foreign investor or commercial organizations with foreign investment shall be paid the value of the rekviziruemogo property. Upon termination of the circumstances in respect of which the requisition is made, a foreign investor or a commercial organization with foreign investment may justiciability require return of the remaining assets, but are obliged to return the received amount taking into account losses from reducing the value of the property. With the nationalization of the foreign investor or commercial organizations with foreign investment shall be reimbursed the cost of nacionaliziruemogo of property and other damages. Disputes about compensation of losses are settled in the manner provided for in article 10 hereof. Article 9. Warranty from unfavorable changes for foreign investors and commercial organizations with foreign investment legislation of the Russian Federation

1. in the event that new federal laws and other regulatory legal acts of the Russian Federation, altering the dimensions of federal taxes (excluding excise duties, value added tax on goods produced in the territory of the Russian Federation) and contributions to the State budget funds (except for the contributions to the Pension Fund of the Russian Federation), or shall be entered in the applicable federal laws and other regulatory legal acts of the Russian Federation changes and additions that lead to an increase in the total tax burden on the activities of foreign investors and commercial organizations with foreign investments for realization of priority investment projects or establish a regime of prohibitions and restrictions on foreign investment in the Russian Federation in comparison with the total tax burden, and, acting in accordance with the federal laws and other regulatory legal acts of the Russian Federation on the date of the beginning of the funding priority investment project with foreign investment , these new federal laws and other regulatory legal acts of the Russian Federation, as well as changes and additions made to the applicable federal laws and other regulatory legal acts of the Russian Federation shall not apply during the time frame specified in paragraph 2 of this article in respect of foreign investors and commercial organizations with foreign investment engaged in priority investment projects through foreign investment, provided that the goods imported into the Russian Federation by a foreign investor and commercial organization with foreign investments are used for the purpose of realization of priority investment projects. (As amended by the Federal law dated 06 N 409-FZ) of the first paragraph of this paragraph apply to the commercial organization with foreign investments if the share, the share of foreign investors (investment) in Charter capital (aggregate) such an organization make up more than 25 percent, as well as the commercial organization with foreign investment, implementing a priority investment project, regardless of the percentage share (deposit) foreign investors in the company's Charter capital (aggregate) such an organization. 2. Stability for foreign investors carrying out the investment project, conditions and modes specified in paragraph 1 of this article shall be guaranteed during the payback period of investment project, but no more than seven years from the date of the commencement of the project financing through foreign investment. Differentiation of the payback of the investment projects depending on their species is determined in accordance with the procedure established by the Government of the Russian Federation. 3. In exceptional circumstances when implementing a foreign investor and commercial organization with foreign investments of priority investment projects in production or transport or other infrastructures with foreign investment totaling at least 1 billion. rubles (not less than the equivalent amount in foreign currency at the exchange rate of the Central Bank of the Russian Federation on the date of the entry into force of this federal law), payback period which is more than seven years, the Government of the Russian Federation shall decide on the extension for the specified foreign investors and commercial organizations with foreign investment period of validity of the conditions and regime referred to in paragraph 1 of this article. 4. the provisions of paragraph 1 of this article shall not apply to the changes and additions that are made to the legislative acts of the Russian Federation, or new federal laws and other regulatory legal acts of the Russian Federation to protect the foundations of the constitutional system, morality, health, rights and lawful interests of other persons, ensure national defense and State security. 5. the Government of the Russian Federation establishes criteria for assessing changes in unfavourable to foreign investors and commercial organizations with foreign investment concerning conditions of charging federal taxes and contributions to the State budget funds, implementation of prohibitions and restrictions regime of foreign investments on the territory of the Russian Federation; (As amended by the Federal law dated 06 N 409-FZ) approves the registration of priority investment projects by the federal executive body referred to in article 24 of this federal law; carries out the control over execution of the foreign investor and commercial organization with foreign investment commitments for the implementation of priority investment projects within the deadlines specified in paragraphs 2 and 3 of this article. In the event of default by a foreign investor and commercial organization with foreign investment commitments, referred to in the first part of this paragraph, they are deprived of benefits granted to them pursuant to this article. The amount of money not paid as a result of the provision of these benefits shall be returned in the order established by the legislation of the Russian Federation. Article 10. Guarantee of adequate dispute arising in connection with the implementation of investment and entrepreneurial activity on the territory of the Russian Federation by a foreign investor of foreign investor Dispute arising in connection with the implementation of investment and entrepreneurial activity on the territory of the Russian Federation, in accordance with the international treaties of the Russian Federation and federal laws in court or Court of arbitration or in international arbitration (arbitration). Article 11. Warranty the use on the territory of the Russian Federation and transfer outside the Russian Federation revenues, profits and other lawfully gained sums of foreign investor after payment of stipulated by legislation of the Russian Federation taxes and fees is entitled to free use of revenues and profits on the territory of the Russian Federation for reinvestment in compliance with the provisions of paragraph 2 of article 4 hereof or for any other not contradicting the legislation of the Russian Federation goals and unimpeded transfer of income outside the Russian Federation profits and other lawfully gained sums of money in foreign currency due to previously implemented them investments, including: investment income received in the form of profits, dividends, interest and other income; moneys pursuant to obligations of a commercial organization with foreign investment or foreign legal entity, opened its branch in the territory of the Russian Federation, treaties and other transactions; sums received by a foreign investor in connection with liquidation of a commercial organization with foreign investments or the termination of the affiliate, Representative Office of foreign legal entity or exclusion of invested property, property rights and exclusive rights to results of intellectual activity; (As amended by the Federal law of 05.05.2014 N 106-FZ) of compensation set out in article 8 hereof. Article 12. The guarantee of the right of a foreign investor to unhindered export outside the Russian Federation property and information in documentary form or in the form of records in electronic media, which were originally imported to the Russian Federation as foreign investments (as amended by the Federal law dated 06 N 409-FZ) foreign investor, which was originally imported into the Russian Federation property and information in documentary form or in the form of records in electronic media as foreign investments has the right to unimpeded (no quota, licensing and other measures of non-tariff regulation of foreign trade activity) export of specified property and information outside of the Russian Federation. (As amended by the Federal law dated 06 N 409-FZ) Article 13. The guarantee of the right of a foreign investor to acquire securities of a foreign investor shall have the right to purchase shares or other securities of Russian commercial organizations and Government securities in accordance with the legislation of the Russian Federation on securities. Article 14. Guarantee the participation of foreign investors in privatization of foreign investor can participate in the privatization of State and municipal property through the acquisition of property rights on State and municipal property or shares, the shares (contribution) in the share (aggregate) capital of privatized organizations under the conditions and pursuant to the procedure established by the legislation of the Russian Federation on privatization of State and municipal property. Article 15. Guarantee of a foreign investor rights to land, natural resources, buildings, constructions and other real estate

Acquisition by a foreign investor the right to land, other natural resources, buildings and other immovable property is carried out in accordance with the legislation of the Russian Federation and laws of constituent entities of the Russian Federation. The right to conclude a contract of lease of lot land can be acquired a commercial organization with foreign investments on the bidding (auction), unless otherwise provided by the legislation of the Russian Federation. (As amended by federal law from 26.06.2007 N 118-FZ) Article 16. Privileges granted to foreign investors and commercial organizations with foreign investments, on payment of customs payments Benefits on payment of customs payments are granted to the foreign investors and commercial organizations with foreign investments in the implementation of priority investment project in accordance with the customs legislation of the Customs Union, international treaties to which the Member States of the Customs Union, the legislation of the Russian Federation on Customs Affairs and legislation of the Russian Federation on taxes and fees. (As amended by the Federal law dated 06 N 409-FZ) Article 17. Benefits and guarantees provided by the foreign investor entities of the Russian Federation and bodies of local self-government, the constituent entities of the Russian Federation and bodies of local self-government, within their competence, may provide foreign investor privileges and guarantees to finance and provide other forms of support for the investment project undertaken by a foreign investor, at the expense of the budgets of the constituent entities of the Russian Federation and local budgets, as well as extrabudgetary funds. Article 18. Antimonopoly legislation of the Russian Federation and observance of fair competition by a foreign investor, the foreign investor is obliged to comply with the antitrust laws of the Russian Federation and to prevent unfair competition and restrictive business practices, including through the establishment in the territory of the Russian Federation of a commercial organization with foreign investments or the branch of the foreign legal entity for any production using high demand goods and then self-destruction in order to move to market similar goods of foreign origin as well as through malicious or agreement on the allocation of markets for goods or for participation in tenders (auctions, tenders). Article 19. Property insurance provided by a commercial organization with foreign investments and branch office, Representative Office of foreign legal entity (as amended by the Federal law of 05.05.2014 N 106-FZ) property insurance risk of loss (destruction), shortage or damage of property, civil liability risk and entrepreneurial risk is carried out by the commercial organization with foreign investment on its own, and a branch, Representative Office of a foreign legal person at the discretion of a foreign legal entity, unless otherwise provided by the legislation of the Russian Federation. (As amended by the Federal law of 05.05.2014 N 106-FZ), Article 20. The establishment and liquidation of a commercial organization with foreign investments 1. The establishment and liquidation of a commercial organization with foreign investments are operated under the conditions and in the manner envisaged by the Civil Code of the Russian Federation and other federal laws, with the exceptions that may be established by federal laws, in accordance with paragraph 2 of article 4 hereof. 2. legal persons that are commercial organizations with foreign investments are subject to state registration in the order specified by the Federal law on State registration of legal entities. (As amended by the federal laws of 25.07.2002 N 117-FZ; from 08.12.2003. N 169-FZ), Article 21. Creating, opening a branch in the territory of the Russian Federation, the representative office of foreign legal entity, termination of the activities of these branch offices. Accreditation of branches, representative offices of foreign legal entity. State Register of accredited branches, representative offices of foreign legal entities 1. Branch of foreign legal entity his mission are created, opened, cease its activities on the territory of the Russian Federation on the basis of a decision of a foreign legal entity. State control over the establishment of a branch of a foreign legal person, the opening of its representation, the cessation of the activities of those branches, representative offices, including the opening and termination of activity of Representative Office of foreign legal entity carrying out activities in the field of civil aviation on the territory of the Russian Federation shall be exercised through their accreditation. Accreditation of branches, representative offices of foreign legal entities, including representative offices of foreign legal entities carrying out activities in the field of civil aviation, is carried out by the federal body of executive power, authorized by the Government of the Russian Federation on the accreditation of branches, representative offices of foreign legal entities (hereinafter referred to as "the authorized federal body of executive power). The decision on accreditation of representative offices of foreign legal entities carrying out activities in the field of civil aviation, on amendments to the information contained in the registry, on the termination of their accreditation, the accreditation of foreign citizens who are employees of representative offices of foreign legal entity carrying out activities in the field of civil aviation, shall be taken by a federal body of executive power responsible for provision of public services and State property management in the field of air transport (civil aviation) in the manner prescribed by the legislation of the Russian Federation air. Proof of accreditation affiliate, Representative Office of foreign legal entity, including the representative office of foreign legal entity carrying out activities in the field of civil aviation, is on making the appropriate entry in the register, issued by the authorized federal body of executive power. 2. within 12 months after the adoption of the decision on the establishment, on opening a branch in the territory of the Russian Federation, the representative office of foreign legal entity a foreign legal person (with the exception of the foreign legal entity carrying out activities in the field of civil aviation) is obliged to submit an application for accreditation, which includes the certified Chamber of Commerce and industry of the Russian Federation, information about the number of foreign citizens who are employees of those branches, representations and documents for accreditation of the branch , Representative Office of foreign legal entity the authorized federal body of executive power. Within twelve months after the adoption of the decision to open on the territory of the Russian Federation, the representative office of foreign legal entity carrying out activities in the field of civil aviation, the legal person is required to submit an application for accreditation, which includes information on the number of foreign citizens who are employees of this Office, and documents for a decision on the accreditation of the representation in the Federal Executive authority which carries out the function of State service provision and management of State property in the field of air transport (civil aviation). Application for accreditation shall be signed by the authorized representative in accordance with the established procedure of the foreign legal entity. List of documents submitted to the authorized federal body of executive power of the foreign legal entity together with the application for accreditation, on amendments to the information contained in the registry, on the termination of accreditation, documentation requirements, accreditation, make changes in the information contained in the registry, the termination of accreditation, affiliate, Representative Office of foreign legal entity carrying out activities in the territory of the Russian Federation, forms and formats of statements and documents used when carrying out accreditation, make changes in the information contained in the registry, the termination of accreditation, approved by specified federal body of executive power.

List of documents which are submitted to the federal body of executive power performing functions for the provision of public services and State property management in the field of air transport (civil aviation), a foreign legal entity carrying out activities in the field of civil aviation, together with the statement of accreditation, amending the information contained in the registry, on the termination of accreditation, the accreditation decision-making procedure, on amending information contained in the registry, to terminate the accreditation of representative offices of foreign legal entities carrying out activities in the field of civil aviation and document forms used in making a decision, approved by specified federal body of executive power. 3. the refusal to accredit a branch, Representative Office of foreign legal entity or in the decision on accreditation of Representative Office of foreign legal entity carrying out activities in the field of civil aviation, is carried out according to the authorized federal body of executive power and the Federal Executive authority responsible for the provision of public services and State property management in the field of air transport (civil aviation), if at least one of the following grounds : not submitted required documents for accreditation or the documents submitted with the violation of the deadline set by paragraph 2 of this article or the documents submitted did not meet the approved in the established order forms, formats or requirements for their registration; It has been established that the constituent or other documents of a foreign legal entity contains false information; the purpose of the establishment, opening a branch, Representative Office of foreign legal entity are contrary to the Constitution of the Russian Federation, international treaties of the Russian Federation, the laws of the Russian Federation; the purpose of the establishment, opening a branch, Representative Office of foreign legal entity pose a threat to the sovereignty, political independence, territorial integrity, national interests of the Russian Federation; terminated in connection with violations of the Constitution of the Russian Federation, international treaties of the Russian Federation, of the legislation of the Russian Federation accreditation affiliate, Representative Office of foreign legal entity, information on the accreditation of which has been entered into the registry. 4. denial of accreditation or accreditation decision can be challenged in the courts. 5. accreditation of a branch, Representative Office of foreign legal persons (except for Representative Office of foreign legal entity carrying out activities in the field of civil aviation) is a term of not more than twenty-five working days from the date of submission of the relevant documents together with the application for accreditation to the authorized federal body of executive power. Accreditation of the representative office of foreign legal entity carrying out activities in the field of civil aviation, is carried out within a period of not more than twenty-five working days from the date of submission of the relevant documents together with the application for accreditation with the Federal Executive Body, performing the function of provision of public services and State property management in the field of air transport (civil aviation). 6. changes in the information contained in the registry (including the certified Chamber of Commerce and industry of the Russian Federation, information about the number of foreign citizens who are employees of a branch, Representative Office of foreign legal entity) in relation to a foreign legal person (with the exception of the foreign legal entity carrying out activities in the field of civil aviation) is the authorized federal body of executive power on the basis of the foreign legal entity declarations and documents that confirm these changes, within ten working days from the date of submission of the application form and documents. Changes in the information contained in the registry (including information about the number of foreign citizens who are employees of Representative Office of foreign legal entity) in respect of a foreign legal entity carrying out activities in the field of civil aviation, is carried out by the authorized federal body of executive power on the basis of the federal body of executive power responsible for provision of public services and State property management in the field of air transport (civil aviation) information about deciding whether to make changes in the information contained in the registry, in connection with the receipt of statements and documents supporting these changes. Making these changes is carried out within 10 working days from the date of receipt of the relevant application form and documents. Signed by the head of the branch or representative office of a foreign legal entity or the head of Representative Office of foreign legal entity carrying out activities in the field of civil aviation statement on amendments to the information contained in the register, and the documents certifying the changes shall be submitted to the authorized federal body of executive power or federal body of executive power performing functions for the provision of public services and State property management in the field of air transport (civil aviation) not later than within fifteen calendar days from the date of change of the relevant information. 7. the accreditation of a branch, Representative Office of foreign legal persons (except for Representative Office of foreign legal entity carrying out activities in the field of civil aviation) terminated in connection with the termination of the activities of these branch offices in the territory of the Russian Federation on the basis of the decision of such a foreign legal person, the termination of such a foreign legal person or by the authorized federal body of executive power. Accreditation activity of Representative Office of foreign legal entity carrying out activities in the field of civil aviation shall be terminated in respect of the termination of the activities of the representative office in the territory of the Russian Federation on the basis of the decision of the foreign legal entity carrying out activities in the field of civil aviation, suspension of the activities of the foreign legal entity carrying out activities in the field of civil aviation, or by decision of a federal body of executive power performing functions for the provision of public services and State property management in the field of air transport (civil aviation). Termination of accreditation, affiliate, Representative Office of foreign legal persons (except for Representative Office of foreign legal entity carrying out activities in the field of civil aviation) to address such a foreign legal person is carried out by the authorized federal body of executive power on the basis of the relevant decisions and declarations submitted in such a foreign legal person within ten working days of their submission. Termination of accreditation of a representative office of a foreign legal entity carrying out activities in the field of civil aviation, according to the decision of the foreign legal entity by the authorized federal body of executive power on the basis of the federal body of executive power responsible for provision of public services and State property management in the field of air transport (civil aviation), information about the decision to terminate the accreditation of a representative office of a foreign legal entity carrying out activities in the field of civil aviation in connection with the submission of data from foreign legal person relevant decisions and declarations. Such termination of accreditation is carried out within 10 working days from the date of submission of relevant decisions and declarations.

Signed by the head of the branch or representative office of a foreign legal entity or the head of Representative Office of foreign legal entity carrying out activities in the field of civil aviation, the statement of termination of accreditation of the relevant branch, representation and decision on the termination of the respective affiliate, Representative Office of foreign legal entity in the territory of the Russian Federation submitted, respectively, to the authorized federal body of executive power and the Federal Executive authority which carries out functions for the provision of public services and State property management in the field of air transport (civil aviation) not later than within fifteen calendar days from the date of adoption of this decision. Accreditation action affiliate, Representative Office of foreign legal entity is terminated by a decision of the authorized federal body of executive power, adopted, including on the basis of a decision of a federal body of executive power performing functions for the provision of public services and State property management in the field of air transport (civil aviation), if: affiliate, Representative Office of a foreign legal entity over the last twelve months prior to the time of the adoption of the authorized federal body of executive power of the relevant decision do not submit documents reporting stipulated by the legislation of the Russian Federation on taxes and fees, and with a branch mission cannot be accomplished ping the address of the place of their activity on the territory of the Russian Federation contained in the registry, and a branch office in that period do not carry out the operation at least one bank account opened in the Bank or other credit institution licensed by the Central Bank of the Russian Federation; the activities of the branch, the representative office of foreign legal entity is contrary to the Constitution of the Russian Federation, international treaties of the Russian Federation, the laws of the Russian Federation, threatens the sovereignty, political independence, territorial integrity and national interests of the Russian Federation. 8. the Central Bank of the Russian Federation, the federal body of executive power performing functions for the provision of public services and State property management in the field of air transport (civil aviation), are required to report in electronic form (including using a unified system of interagency electronic interaction) to the authorized federal body of executive power, respectively, information about accreditation, the accreditation decision, amending the information contained in the registry about termination of accreditation, the decision to terminate the accreditation of representative offices of foreign credit institutions and branches of foreign legal entities carrying out activities in the field of civil aviation, information about the number of foreign citizens who are employees of the respective missions, other information to be included in the register within five working days from the date of Commission of the Act by forms and formats approved by the authorized federal body of executive power. 9. The reports submitted by the Central Bank of the Russian Federation, the federal body of executive power responsible for provision of public services and State property management in the field of air transport (civil aviation), in accordance with paragraph 8 of this article, the information shall be subject to amendment of the authorized federal body of executive power in the register within three working days of the receipt of such information. 10. Within a period of not more than three working days from the day of its submission to the registry entries for accreditation, on amendments to the information contained in the registry, on the termination of accreditation, affiliate, Representative Office of foreign legal entity the authorized federal body of executive power shall transmit this information in electronic form in the State budget funds for registration or withdrawal from the register of the branch, the representative office of foreign legal entity as insurers and the Federal Executive authority carrying out functions for the provision of public services and State property management in the field of air transport (civil aviation), in relation to the exercise of his functions. Within a period of not more than five working days from the date of making the appropriate entry in the register of accredited branch, representation of a foreign legal entity shall be issued or shall be sent to the document on making the appropriate entry in the register. The form of the document is established by the federal body of executive power. 11. The information contained in the documents submitted for accreditation to the branch, the representative office of foreign legal entity, changes in the information contained in the registry, the termination of accreditation, make up the register. The establishment, operation and maintenance of the register shall be made in accordance with the procedure established by the operator of an information system is the authorized federal body of executive power. The information contained in the register is determined by the authorized federal body of executive power. The information contained in the registry are open and accessible to the public, except for information to which access is restricted in accordance with federal laws. The information contained in the registry, are posted on the official website of the authorized federal body of executive power in the field of information and telecommunications network "Internet". The information to be posted on the official website of the authorized federal body of executive power in the field of information and telecommunications network, the Internet, set the authorized federal body of executive power. The fee for access to information hosted the authorized federal body of executive power on the official website in the information and telecommunications network, Internet, no fee will be charged. Interested persons may obtain fee information contained in the registry, in the form of an extract from the register of the specific branch or representation of a foreign legal person or certificate on absence of the information requested. The deadline for submitting these statements or references may not exceed five working days after receipt of the request the authorized federal body of executive power. The fee for these statements or help is determined by the Government of the Russian Federation. Form provided by interested persons specified statements or references and the manner of their provision are determined by the authorized federal body of executive power.(Article in the Editorial Office of the Federal law dated 05.05.2014 N 106-FZ), Article 22. Requirements to the branch of the foreign legal entity, the status of representation of the foreign legal entity 1. In the branch of the foreign legal entity, the status of representation of the foreign legal entity must be indicated the name of the foreign legal entity, its branches, representative offices, organizational-legal form of the foreign legal entity, location of its branch offices in the territory of the Russian Federation and the address of the location of the foreign legal entity in the country, aims to create, open, and activities of its branch office, Representative Office, branch management, the Office of foreign legal entity. 2. the regulations on the branch of the foreign legal entity, representation of foreign legal persons may be included with other information reflecting characteristics of branches, representative offices on the territory of the Russian Federation and which do not contradict the legislation of the Russian Federation.(Article in the Editorial Office of the Federal law dated 05.05.2014 N 106-FZ), Article 23. Elaboration and realization of State policy in the field of foreign investment in accordance with the Federal Constitutional law "on Government of the Russian Federation the Government of the Russian Federation develops and implements State policy in the sphere of international investment cooperation. The Government of the Russian Federation: determines the feasibility of prohibitions and restrictions making foreign investments on the territory of the Russian Federation, develops lists of bills listed prohibitions and restrictions; Specifies measures to control the activities of foreign investors in the Russian Federation; approves the list of priority investment projects referred to in article 2 hereof; develops and ensures implementation of federal programmes attracting foreign investment;

attracts investment loans from international financial organizations and foreign States in the financing of the development budget of the Russian Federation and federal investment projects; interacts with the subjects of the Russian Federation on international investment cooperation; oversees the preparation and conclusion of agreements with foreign investors on realization of large-scale investment projects; oversees the preparation and conclusion of international agreements of the Russian Federation concerning the promotion and reciprocal protection of investments. Article 24. The Federal Executive authority for the coordination of attracting foreign direct investment, the Government of the Russian Federation defines the federal executive body responsible for coordinating foreign direct investments in economy of the Russian Federation. Article 25. Recognition of previously void adopted legislative acts of the Russian Federation and their individual provisions in connection with the adoption of this federal law in connection with the adoption of this federal law shall be declared null and void: the Act of the RSFSR "on foreign investments in RSFSR" (records of the RSFSR Congress of people's deputies and the Supreme Soviet of the RSFSR, 1991, no. 29, article 1008); the Decree of the Supreme Soviet of the RSFSR "on the implementation of the Act of the RSFSR" on foreign investments in RSFSR "(records of the RSFSR Congress of people's deputies and the Supreme Soviet of the RSFSR, 1991, no. 29, art. 1009); Article 6 of the Federal law on amendments and additions to the legislative acts of the Russian Federation in connection with the adoption of the laws of the Russian Federation on standardization, maintenance of unity of measurements "," on certification of products and services "(collection of laws of the Russian Federation, 1995, no. 26, art. 2397); paragraph 4 of article 1 of the Federal law on amendments and supplements into the laws and other legal acts of the Russian Federation in connection with adoption of the Federal Constitutional law on arbitration courts in the Russian Federation "and the arbitration procedure code of the Russian Federation" (collection of laws of the Russian Federation, 1997, no. 47, art. 5341). Article 26. Legislation of the Russian Federation in accordance with this federal law 1. The President of the Russian Federation and the Government of the Russian Federation to bring its normative acts in compliance with this federal law. 2. The Government of the Russian Federation to amend the established order in the State Duma of the Federal Assembly of the Russian Federation proposals to amend legislative acts of the Russian Federation changes and amendments deriving from this federal law. Article 27. (Repealed-federal law 05.05.2014 N 106-FZ) Article 28. The entry into force of this federal law this federal law shall enter into force on the day of its official publication. Russian President Boris Yeltsin in Moscow, the Kremlin July 9, 1999 N 160-FZ

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